Talks between US, Ukraine on minerals deal to start Friday, deputy PM says - Headlines news and analysis from Global Banking & Finance Review
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Talks between US, Ukraine on minerals deal to start Friday, deputy PM says

Published by Global Banking & Finance Review

Posted on April 10, 2025

2 min read

· Last updated: April 10, 2025

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US, Ukraine to Initiate Minerals Deal Talks in Washington

KYIV (Reuters) -Technical consultations between the U.S. and Ukraine on a minerals deal will begin in Washington on Friday and will not interfere with Kyiv's other financial commitments, Ukrainian Deputy Prime Minister Olha Stefanishyna said on Thursday.

U.S. President Donald Trump is seeking a bilateral minerals deal as part of a peace push to end Russia's war in Ukraine. He also sees it as a way to recover billions of dollars spent on military assistance to Kyiv, though the aid was not a loan.

Speaking to reporters in Brussels, Stefanishyna said the U.S. and Ukrainian teams would meet on Friday and echoed Kyiv's stance that any potential deal would not clash with obligations tied to aid from the European Union or International Monetary Fund.

"Nothing...can be negotiated with Ukraine in a way that will undermine the existing commitments and obligations Ukraine has, including financial ones," she said. "This is something that is not subjected to any negotiation format."

The Trump administration has presented a more expansive draft for the deal, revising its original proposal, and is aiming for privileged access to Ukraine's undersoil riches, Reuters reported last month.

Kyiv has allocated $2.7 million towards consulting services "to protect the national interests of Ukraine and to formulate the position of Ukraine", according to a government document dated April 8.

(Reporting by Pavel Polityuk and Yuliia Dysa; editing by Philippa Fletcher and Mark Heinrich)

Key Takeaways

  • US and Ukraine to start minerals deal talks in Washington.
  • The deal aims to not interfere with Ukraine's financial commitments.
  • Trump seeks privileged access to Ukraine's mineral resources.
  • Kyiv has allocated funds for consulting services to protect interests.
  • The deal is part of a broader peace push by the US.

Frequently Asked Questions

What is the main topic?
The main topic is the upcoming talks between the US and Ukraine regarding a minerals deal and its implications on Ukraine's financial commitments.
What is the purpose of the minerals deal?
The deal aims to secure US access to Ukraine's mineral resources as part of a peace initiative and to recover military aid costs.
How does the deal affect Ukraine's existing commitments?
The deal is structured to ensure it does not interfere with Ukraine's obligations to the EU or IMF.

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